So any of us that stay here will lose our jobs eventually as this erodes to nothing, such a great time to be alive....
Buyout would have happened already if it was going to happen, clearly our Board isn't capable. Our senior management group lacks the ability to move the company forward on top of that, so here we sit Clovis, the story of death by incompetence, a business tragedy. Most companies that slowly decay lack the science, products, or indications, not us, we lacked capable leadership in high level positions
He had excuses a few years ago, but now there is nothing to reference as the issue except him. Data, indications, and more and somehow we sit at a single digit share price, and to think this clown tried to convince all of us a few years back that we would get the stock back where it was and RSUs would be profitable for us Clown
In May 2020 the number of retentions was being discussed as evident by the above quoted post that was not made by the uninformed idiots that this site usually produces. 23 months later Pat has handed himself 3/4 of a million additional shares at garbage bottom low exercise prices that continue to be the product of his criminally orchestrated short fraud against our stock. The deal that will be announced in the coming weeks is exactly the same thing that could have been done in the first half of 2020 as it started in 2019. Pat Mahaffy is a criminal and his laughable attempt in the last 12 months to bury his assets in newly created foundations and trusts proves it to any rational observer. Coincidentally Mahaffy started taking all of those actions in the month following a threatened lawsuit that turned into mediation instead. That lawsuit, had it not been avoided, carried civil claims for the maximum penalties against Pat for his fraud. Every cent he had ever earned through his Clovis compensation packages would have been owed in the end. Those same people are not stopping this time and they have stated publicly that they will not be accepting discounted blocks of CLVS shares just for Mahaffy to keep pretending he isn't a scumbag. Clovis Oncology moved the first block of shares in January 2020 that were tied to this criminally dragged out financially horror flick that has been built on fraud and lies the entire time. Clovis was never on the brink, Clovis had no unknowns, and to be very clear, Pat Mahaffy and Clovis Oncology entered a structured sale path before Covid-19 ever started. All of their lies, endless dilution to cover shorts, and illegal misrepresentations helped hammer the share price so low that Mahaffy and criminal executive team were able to hand themselves the largest blocks of shares in company history at exercise prices that were under $2. All of it has been bogus lies to stretch out what was already done and decided literally years ago, the sale of our company. A few months ago I quit and now the truth will be shared to every lawyer, shareholder, regulator, journalist, and anyone else that cares because Pat Mahaffy has never cared about helping patients fight cancer. If he did then Rubraca would have been in the hands of a capable CEO and capable company several years ago.
